Reference no: EM132465428

Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $25 par, and 25,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $5,800; second year, $9,400; third year, $47,800; fourth year, $76,250.

Question 1: Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

i. Preferred stock (dividend per share)- year 1? year 2? year 3? year 4?

ii. Common stock (dividend per share)-year 1? year 2? year 3? year 4?